Australian Energy Market Operator

AEMO operates Australia's National Electricity Market (NEM), the interconnected power system in Australia’s eastern and south-eastern seaboard, and the Wholesale Electricity Market (WEM) and power system in Western Australia.

AEMO operates gas retail markets in New South Wales and the Australian Capital Territory, Queensland, South Australia, Victoria, and Western Australia. AEMO also operates wholesale gas markets in south-eastern Australia, those being the Declared Wholesale Gas Market in Victoria (DWGM), the Short Term Trading Market in Adelaide, Brisbane and Sydney (STTM), and the Gas Supply Hub (GSH), whose trading locations are based at Wallumbilla in Queensland, and Moomba in South Australia. AEMO also operates the Natural Gas Services Bulletin Board (GBB), and is system operator of the Victorian Gas Declared Transmission System. AEMO is also responsible for Gas Services Information functions in Western Australia.

2017 Benchmark Reserve Capacity Price

AEMO has completed its draft determination of the 2017 Benchmark Reserve Capacity Price (BRCP). The BRCP for the 2017 Reserve Capacity Cycle will be effective for the 2019-20 Capacity Year, which starts on 1 October 2019 and ends on 1 October 2020.

AEMO proposed a draft value of $145,800 per MW per year for the 2017 BRCP.

AEMO acknowledges the feedback provided by Market Participants and all submissions received can be found below. AEMO will consider all feedback prior to submitting the final report to the Economic Regulation Authority (ERA) for approval.